CEX.IO News

Market spoofing attempts neutralized

, April 17, 2019

We’ve recently neutralized market spoofing attempts on CEX.IO. An internal investigation has been initiated in accordance with corporate procedures. A self-regulated crypto exchange, CEX.IO Ltd is a UK-based company operating in full accordance with British law.

Over its five-year history, the CEX.IO cryptocurrency exchange has proved its high standards of security for customer funds, efficient anti-fraud procedures, and compliance with regulatory frameworks. In addition to PCI DSS certification and MSB status with FinCEN, in December 2018, CEX.IO underwent an independent BSA/AML audit, including the evaluation of internal policies and procedures. In February 2019, CEX.IO reported a 30% decrease in fraud as a result of its upgraded KYC procedure.

What is market spoofing?

Market spoofing is a manipulative strategy when a fraudulent trader places fake limit orders to confuse other traders, who build their price perception in response. Later, the initial order is removed by the fraudulent trader before it’s executed. As a result, other traders lose their perceived profit.

Related

CEX.IO News

CEX.IO November 2022 Media Report

The November Media Report is live! Read more about our November Media hits and upcoming event schedule!

Dec 07, 2022 | 6 min read
CEX.IO News

QASH Delisting

We will be delisting QASH from CEX.IO and are notifying you in advance so you can plan your trading activities. On May 8, 2019, we will disable QASH deposits. You will still have 30 days from today to trade or exchange your remaining tokens. On June 6, 2019, the

May 07, 2019 | 1 min read
CEX.IO News

CEX.IO to Introduce Litecoin Trading Pairs

Upd. On October 10, Litecoin is already available for trading on CEX.IO. Join LTC traders and enjoy the new opportunity on our platform. We’re glad to announce that we plan to reintroduce LTC support on CEX.IO. Back in 2017, we had to stop supporting Litecoin while we prepared to launch

Oct 01, 2018 | 3 min read